Space Asset Acquisition Sponsor LLC 4

What Happened

• Space Asset Acquisition Sponsor LLC (the Sponsor), reported as a 10% owner of Space Asset Acquisition Corp. (SAAQ), acquired 415,000 Class A ordinary shares on 2026-01-29. The shares were purchased as part of the Issuer's Private Placement Units at $10.00 per unit, for a total cash outlay of $4,150,000. This is a purchase/acquisition transaction (code A) rather than a sale.

Key Details

• Transaction date and price: 2026-01-29 — 415,000 Class A shares at $10.00 each.
• Total value: $4,150,000.
• Shares owned after transaction: 415,000 Class A ordinary shares reported held by the Sponsor.
• Footnotes of note:
  • F1: These Class A shares are part of 415,000 Private Placement Units described in the issuer’s S-1; Sponsor paid $10.00 per unit.
  • F2: The Sponsor is governed by a three-member board of managers (Jeff Tuder, Peter Ort, Raphael Roettgen). Under the “rule of three,” the managers are not individually deemed beneficial owners of the Sponsor’s holdings.
• Filing timing: Transaction occurred 2026-01-29 and the report was filed 2026-02-18 (20 days later), which is longer than the typical two-business-day Form 4 reporting window for insider trades.

Context

• This was a private placement purchase by the Sponsor (an institutional/sponsor holder), not an individual executive. Purchases by sponsors commonly relate to deal structuring and financing rather than a personal trading signal. The filing and footnotes clarify the unit structure and that the Sponsor’s managers are not individually treated as beneficial owners of these shares.